Rosemont, IL – October 31, 2016 – Venture One Real Estate through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of an 85,730 square foot modern industrial building located at 401 Terrace Drive in Mundelein, Illinois. The propertywas fully leased at acquisition.
The class “A” precast building was constructed in 1998. Amenities of the building include 24’ clear height, 227 car parking spaces, warehouse air-conditioning, 10,000 square feet of office, seven exterior docks and five drive-in doors.
Keith Puritz and Brett Kroner of Cushman & Wakefield and Bill Mass of Mass Realty represented the seller in the transaction. Venture One was represented by Jason West of Cushman and Wakefield.
Venture One Real Estate
Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.
Kovitz Investment Group
Kovitz Investment Group® (KIG), is an independently-managed, registered investment adviser, founded in 2003. KIG is dedicated to providing best-in-class investment and wealth management solutions for high net worth individuals and their families, family offices, institutions, and financial professionals. For more information, please visit www.Kovitz.com.